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is going to require elected officials to do their jobs. the housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already, you're seeing businesses and consumers starting to hold back, because of the dysfunction that they see in washington. >> the president's stern statement echoed the concerns of the american people, who are tired of washington gridlock. >> outside of washington, nobody understands how it is, that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. so, i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want. but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely im
to commu communicate with their elected representatives and let those elected representatives know that the people want to see a deal that is fair to the working and middle class people. that's what the president is saying. i think the president is correct to do so. and i think that the -- you know, that senator reid has been really clear. we should be there working hard to get a fair bargain. and i'm glad the president is basically turning up the temperature. >> see, that's what i read, melissa. i think that one was to update the public. but another is to say if they play passed the deadline, you get in touch with your senator because i'm going to have them call the roll. >> well, so, part of it is about that public pressure. but the other part of it, when the president calls on speaker boehner to do that, what he's saying is speaker boehner, put the good of the country before your job. the majority is all of the democrats and a few republicans, enough to get it through. but boehner, as a speaker, does not want to bring anything to the house floor for a vote that does not have a m
security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple months. in terms of the immediate tax increases, the payroll tax rise of 62% from four 0.2% and workers first $113,000 of income. capital gains, qualified dividend's, and estate and gift taxes are subject to higher taxes. higher earners face new taxes under the health care law. within the next couple glock -- a couple of months, the bush era tax cuts that have been debated over -- the bush-era tax cuts on income expire december 31, workers will not fill the impact until the treasury releases new withholding instructions. alternative minimum tax -- the charred talks about spending cuts, immediate and in the
play here. i don't see him behaving as a rational leader on this. >> there's no election for 22 months and as everyone knows, polls now about predictable capacity in november of 2014 are useless and the republicans know they can be incredibly unpopular and in defacto terms, changes nothing in washington other than unpopular. unpopular in october of 2014, they have a problem. if they're unpopular in january of 2013, you have gridlock in washington. >> who makes the next move? >> senator mcconnell's probably in the best position. he's in very close touch with the president, the white house and democrats in both the senate and the house have been in very close coordination throughout this. they have been in lockstep. it was interesting to note that when we saw the plan "b" chaos just before christmas the house democrats stood firm. they stood united. historically, that's not the play of the democratic party but that does seem to be where the democrats are right now. the president is back today so there can be an opportunity for some discussions to resume. but boehner has made it clear tha
not release him to pay off much in the last election? >> jason dick, emily goodin, thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> we will show our conversation with luke messer today again at 6:00 p.m. eastern. coast chambers of congress are in -- both chambers of congress are in. the senate is in at 1:00 eastern time. votes are scheduled at 2:00 p.m. eastern. majority leader harry reid and minority leader mcconnell had set a deadline of 3:00 p.m. when they're planning to convene a caucus meetings and update members of the parties on a possible plan for taxes and spending on the new year. will bring you live coverage of the senate on c-span2 started at 1:00 eastern. in the house, the return of 2:00 p.m. you'll be considering a number of pieces of legislation. what the live coverage of the house here and c-span. next, retiring senator kent conrad reflects on his career in congress to. it is currently senate budget committee chairman and was first elected to the senate in 1986. this
but the whole sense that washington cannot work. that even after this election we had in november, things haven't changed. and things just don't get done even at the last minute when everyone says it is very important to act. >> remember when this all came together the whole idea of the sequester and they said the consequences are so dire, so devastating there is no way we won't get a deal done. >> well, yeah. that is about to happen. exactly. i think if we don't hear something by 2:00 this afternoon it is nail biting time and time to put on the parachutes and prepare to jump the cliff. beyond that it would be very difficult for the senate to get something done tonight and send it over to the house to get it started. you know, congressman soon to be senator flake lays out the complicated path forward here for members of both parties very well. he is concerned about the sequester. ah, but we can fix that later. he doesn't want to extend the farm bill that would stave off those milk prices but, you know, the farm state, lawmakers have been saying you can't extend these things temporarily. if you'
't understand how these people cannot do their jobs that they're elected to. so i'm wondering what's your take on what's going on in washington? you're sitting in washington. >> right. the at least we have bipartisan agreement it's all nuts, right? everyone agrees this is ridiculous and in spite of what they say, they've been talking about it for months and years and there was ample talk about what a framework should be through the election, which wasn't that long ago. there's plenty of debate. to tie the two stories we have been talking wiabout together, there was a colin powerful doctrine that general schwartzkopf executed so well in the first gulf war. which was have an exit strategy and using overwhelming force. this congress had an exit strategy. they had the idea of overwhelming force, and they set themselves these limits. if they got through this deadline the pain would be so great on themself -- this is self-imposed -- they would find a way out. they have not executed their own strategy and been able to vote for their own leadership. what you have in washington just to take a step back
. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. >> the president seemed to be much more comfortable in the white house briefing room today using the bully pulpit saying enough is enough. >> he did. i thought that he sounded like a man who knows he holds, if not all of the cards, but a lot of them. he has the advantage here, and the polls indicate as with bill clinton in the showdown with newt gingrich and the shutdown of the '90s the public blames the republicans when this happens when over on the house side, you have so many republicans who are so far right and worried about somebody farther right running against them in primaries that john boehner is having a hard time to get them to agree to his packages like plan b out here. we don't know how much out here in the public things have changed since last week, but it seemed like president obama was saying something that he was planning to say if it came down to the last few days. >> joy, is this the same kind of negotiation we saw in the first term?
-- not vice president. in the white house with her president husband. but as the year goes by and the election cycle goes by i get more distrustful of politicians and politics. >> eric: what do you think, juan? >> juan: i think -- >> eric: will she be north r forth coming with the testimony she gives? >> juan: i don't know why you besmirch her reputation -- >> kimberly: we're not. >> juan: it's way out of line. way out of line. she is the most popular politician for a reason. people respect her work and she represented the country as the face of america to the world. breaking news. there was a report out on benghazi widely respected and honored report that indicated there were no lies or coverups or assets withheld from protecting the consulate. i don't get it. >> from the beckel institute. >> anything that doesn't fit there were ail yeps in new mexico. >> eric: lisa jackson is stepping down. we found out that she had been using a an alias e-mail address. >> kimberly: i am surprised this is happening. so far we have seen a lack of accountability. nobody stepped down or stepped aside. they are
for the next congress. that happens on january 3rd, when they formally elect a speaker. that's one theory, but probably the thing that make the most sense is the fact that then it becomes a vote to cut taxes for 98% of americans, instead of allowing them to rise for 1% or 2%. that is something logically the republicans would probably or more likely go along with, though at this point who knows where we'll end up with on this thing. january 3rd is the new congress. in the days after that, that's the inertia it scenario. >> gentlemen, thanks so that. i appreciate it. >>> we want to bring in today's panel s perry bacon, democratic strategy margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to make the deal they know they have to make. everybody wants to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is go
, multimillionaires, billionaires. meanwhile, you have got the majority of the senators elected in this body saying we can do more at the top end. those of us who have a lot can get more revenue to address this crisis so you have got this stalemate that was created by two very different groups of people, all elected by the american people. >> now, walking out, i spoke to several of your colleagues, democratic senators who said they were not optimistic, really looking pretty glum. what camp are you in after what you just heard? do you think -- i mean, as you said, the clock is ticking, do you think by tonight or tomorrow, something will get passed to deal with at least the tax cuts that are going up by most americans? >> most successful businessmen and successful people i have talked to are willing to pay more and so it remains to be seen whether the republicans, being driven by a very extreme group of house members, will allow our economy to hurt because of their desire to protect multimillionaires in this country. i think that is what it is going to boil down to >> taxes are a big issue. the other is
of the three parts of the elect ared government. i will fight as hard as i can to minimize this damage. but i got to be honest with you, i mean we got a pretty tough hand to deal with here. and we can't just change that law by ourselves. >> sean: it seems to me senator johnson three things that maybe the president hasn't thought of. number one if the president goes over the fiscal cliff on his watch the optics are not very good for him. while he may think there is an advantage here when the country sees its taxes go up then he comes in as the guy that is the tax cutter. has he tored in the republicans -- factored in the republicans have control of the budget with the debt ceiling? >> i think the president is beginning to see the long-term consequences if we do increase taxes. we maybe ought to do a little celebrating here. democrats are now on board that 98% of bush's tax cuts were a good thing for america and for the economy. let's at least chalk that up as a win. i agree with senator toomey, right now unfortunately only president obama is the one man that can sign a bill into law and withou
congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many republican whose believe in compromise and trying work things out some defeated
's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give them two days to get back here, 48 hours, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country because the speaker basically is waiting for january 3rd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election, he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they're going to do because he backed off of even his own proposal. mr. presid
consideration to drafting shriver as his running mate in the 1964 election. but the kennedy family, so most historians tell us, wanted robert kennedy to assume political leadership, and eventually hubert humphrey took the vice presidency. shortly after the election, johnson asked shriver to head the war on poverty, some of the impetus for prioritizing the issue of poverty came from the other america, a best-selling study of poverty by holy cross alumnus michael harrington who found poverty hidden in appalachia and if america's inner -- and in america's inner cities. shriver accepted the challenge and got to work first of all researching the scope of the problem and its possible solutions. he found 30 million americans then live anything poverty -- living in poverty, and his agenda for them was not handouts, but employment through programs like the preschool head start program, a job corps to retrain adults for an increasingly postindustrial economy and vista, volunteers in service to america, often described as a domestic peace corps. there were programs stressing community leadership, loca
on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said the feeling in washington it might actually be better to go over the cliff and come back and negotiate. why? >> yeah. now, this is of course purely political campaign calculation here, tossing aside the nation's fiscal health frankly. for both side i think there is good argument to be made for congressional leaders, democratic leaders and republican leaders in particular, there may be less political risk here actually if we do go over the cliff and figure out a solution very quickly afterwards. if you go back to what happened with plan b, speaker boehner could not get, get that through his caucus in the house simply because you have many republican members sitting in very conservative districts who would absolutely not vet for anything that could put them at risk of a primary challenge in a year from now. frankly, for a lot of those members, voting for plan
you were happy to do that so close to an election when some might say politically that wasn't the best thing to do. >> this is much more important than any election, piers. this is the livelihood of the people in my state when the president does this evenings that deserve praise, i will give him praise. when the president does things that deserve scorn, i will give him scorn. people know that about me. i am not going to play politics with this issue. this is so much bigger than an election. this is the livelihood of the people of my state. people expect me to get the job done. when they ask me a question, i give an honest answer. how has the president been on this? he's been great. >> this killed ambassador christopher stevens, the country's terrorism chief now says it was a terrorist attack. >> clearly the death of ambassador christopher stevens continues to reverberate and the truth or otherwise of the circumstances leading up to his death seem to be pretty vague to put it mildly. where do you think we are with this? >> well, let me tell you what's not vague and that is five days aft
family had learned to stop talking about the election, or stop talking altogether, we get another awkward announcement. this time it's tag romney. the oldest of the five romney boys that tells the "boston globe" that his father never wanted to be president that much anyway. funny thing is most of the voters felt the same way. let's bring in jonathan capehart and susan delpersio. i've got to start with you, sorry girl. here's what tag romney tells the "boston globe" about his dad. quote, he wanted to be president less than anyone i've met in my life. he had no desire to run. he would have been ecstatic to step aside. as a republican, you must be thrilled to hear that. no? >> i think this quote -- as a strategist i think this falls on the category of when family members and friends try to help and make a story look better in which case it kind of backfires. because the truth is you don't do what mitt romney did. he's run for governor, he's run before. you don't do this unless you wanted it more than anything else. however, if it was really the case and he needed to be persuaded to run, that
and won an election on $250,000. additionally the polls reflect there is solid support for that. certainly 60% of americans believe that. now, having said that, elections matter. so, we believe that the 250,000 threshold is the appropriate threshold. the president did make an offer, we understand, of $400,000. with a trillion in cuts. accompanying it. that was turned down by the house. the time has come, really, to measure the absence of a deal plus -- against a deal. and i think both of us come down that we have to solve this immediate situation. the danger to our people, to our military, to our nation's security, to our economic base is just too great not to have a solution. so, you know, what makes this government work, is compromise, and, it is when you don't compromise, there is stasis -- >> you say 400,000 you could live with, not happily -- >> isn't that the question i will get asked? where does the money go? let's say it is $400,000. people vote $400,000, pay 39.3. >> chris: which is roughly $600 billion. >> if i'm asked at home, senator graham, what will we do with the money, what
people at the top and everybody who is elected has to use the same talking points and vote the way they are told to vote rather than allow republicans to use their own brain. the best thing for america to do is to throw the republicans out and demand the democrats govern the way the country should. thank you for the opportunity to speak on c-span. host: thank you for the call. this is from our twitter page. we are about to reach the debt limit. let's go back to the cnbc website. "hours from the fiscal cliff, washington awaits deal." experts foresee a significant drag on the economy. negotiators keeping the bush-era tax cuts in place for all but the wealthiest americans. this is having a huge impact on what the markets want, which is some certainty. good morning, andy. caller: i was a volunteer rescue worker at the world trade center. i have two cancers. these guys want to mess with social security. there was a guy on yesterday. he was willing to pay a little more. he will still have over $200,000 left. he'll have maybe $20,000 last. it is ridiculous. we of the strong people. we are
, what he said four years ago, whatever plan he had then is over with. this is a new election. the deal that he had a year ago, that does not count. for republicans and people to say they don't understand what's going on, i have a problem with that. the republicans deny anything he puts forward. the president left his vacation and came here. they're not being fair. republicans say they are christians. they're not. they did this during his last term and now are causing and all of us to suffer because they don't like the president. this is personal. this has nothing to do with raising taxes. this is a personal attack and i think it's a shame. we look like a third world country. we don't look like the united states. host: let's get a republican voice. our next caller is calling from west bloomfield, michigan, on the republican line. good morning. caller: i would like to get your thoughts on a balanced approach and have unbiased taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on enti
in doing the right thing and actually representing the people who elected you. >> my new year's message to washington is this, there are not enough wealthy people or corporations to keep you in office. in that light, please simply grow up, govern, but most importantly, support middle class policies. >> americans, as you can see, are clearly very frustrated with lawmakers. at this moment, there are no deal yet to be reported when it comes to trying to keep your taxes from going up. government spending for things like education, research and investments in infrastructure will also take a big hit. but my next guest says that our defense department is in a much better position to endure a hit like that. lawren lawrence korb joins me in washington. he's former assistant secretary of defense. doctor, thanks for being with us. >> nice to be with you. >> you say the defense department can afford budget cuts but many are going to worry this is going to somehow undermine our national security. what do you say? >> i have to say compared to where we were, we are talking about the base birnlgt the w
with re-election? >> well, we really felt a little embarrassed that the president went there with the cpi. that's the cost of living and adjusting. because with all of this debate if you take the poorest of the poor people, those that are living on social security and believe they should be the target, and knowing you're negotiating with someone that's trying to protect the top 2% of the people, it's kind of hard for just rational people to go along with that. and of course under no circumstances can a lot of people understand $250,000. the president kicked it up to $400,000. and boehner said go to the devil, it should be a million dollars. and so we hope at some point the president's going to realize that he's not dealing with people that are sincerely dealing with him and get back to what he campaigned for. >> well, are the republicans at all concerned that the nation must look on them protecting the interests of the super wealthy and those with deep pockets and big spending, protecting them at all costs, especially at the risk of hurting the working poor and the middle class? are they
, a budget resolution. the fact we're down to the 59th minute of the 11th-hour and a couple elected officials and unelected staffs behind closed doors doing a back room deal is an outrage. >> in the final moments, a key development is that vice president joe biden has been in delaware for the weekend. he came back a few hours ago and is huddled behind closed doors, two phone calls with mitch mcconnell. a year and a half ago, it looked like all hope was lost and vice president with his long time in the senate many years was able to reach out to mitch mcconnell and they pulled a deal together in the final hours. >> the 59th minute of the 11th hour. ed henry, thank you very much. >>> going over the cliff would affect nearly every american from smaller paychecks thanks to higher taxes to the sudden end of unemployment. there are some things you really need to know about. i'm joined by gerri willis, anchor of the willis report on the "fox business" network. break it down for everybody. happens when we hit midnight on tuesday? >> the big fear and threat is that this political impasse turns into a e
an election coming up soon. i don't think you'll see germany doing a lot of bailing out the rest of europe. and europe is the number one global concern to this day. if europe doesn't do well, the rest of the world economy is going to suffer. >> gregg: what about japan? is it insolvent already? >> yeah. a lot of people believe so. that will be a big story in 2014. just recently japan announced that they are going to start printed ago lot of money and last week, you saw the yen drop in value 15% which means that, if what we are company exporting to japan that just hurts our sales quite a bit because the value of their yen is less. so not able to buy as many products which is then, gregg, to hurt our stock market because a lot of our growth comes outside our borders of the united states. this is is a problem that goes directly to nks 401-k plan. >> then there is china which is the growth juggernaut but it accelerated? >> in fact the beginning of the year they are looking at double-digit growth. we're going to see 6-7% growth. china is going to be okay. they are not suffering stagflation like
-called fiscal cliff. if our elected leaders cannot fix the mess they set into motion. they are hoping for we understand a little divine intervention. >> oo have mercy upon us as we gather with so much work left undone. >> they have tried everything else. now praying for a solution to keep americans from feeling the impending higher taxes and deep spending cuts. the senate opening a sunday session with its chaplain. >> look and save us from self-inflicted wounds. >> our coverage continues as lawmakers are still at it. tonight. new video of a plane crash that appeared to leave no survivors the death tole rising. now we see this huge airliner crack into pieces. the latest on what happens here as investigators point to some equipment on boyered. >> al -- on board. >> also feeling the fight of winter weather again. northeast taking the brunt of a new system as many of you head this way to bring in the new year your travel forecast. >>> it has all come down to this again. crunch time in our nation's capital. the state of our economy could hang in the balance. tonight talks to solve the fiscal cris
over the election of abe and his push for abe-nomics is the fact that this is a very nationalistic individual. his first term in '06 was characterized by a lot of nationalistic policies. we'll see how that plays out with respect to the ongoing debate. >> we have to take a break here. the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that
unconstitutional. no elected official should be allowed to take any kind of pledge. when boehner presented plan b, he could not even get a vote on it because it would raise taxes for the million-dollar people. this is definitely a problem. i also think that no entitlement should be part of this when it comes to the senior citizens. their social security, they do not get paid that much. >> she was mentioning the bill that the speaker had to pull because he did not have the votes, the one that would raise income over those making over $1 million per year. a news reporter from "the washington post" talked about the cliff. the minority leader has appealed to the vice president directly in a last-ditch deal to avoid a fiscal cliff. kerry reid stepped back from the talks on the senate floor. and he had yet to hear back from the. -- from them. we will show you comments in a short while ago. taking your phone calls on the fiscal cliff with two days to go, the house and senate vote in a session today. the house came in at 2:00 and they gaveled out shortly thereafter. we expect them to come back to take up
outcome of the 2012 election and the myriad of voter suppression schemes years in the making, voters refused to be ignored, dismissed, or disenfranchised. voters proved that individual americans still have the power when we choose to use it. the more accurate reflection of the america in the 21st century, the key question becomes in 2013 whether or not this coalition will find ways to work together to lefage that electoral power for policies on immigration reform, gun control, equal rights, economic inequality and continuing to expand the american story. so what matters most is what happens next because it's up to us to make sure that the power we loan to politicians is used for the greatest good, and it's up to us to make them earn our votes and hold them accountable when they falter. thanks to the bashir team. the "hardball" team picks things up right now. >>> deal or no deal. let's play "hardball." ♪ >>> good evening. i'm richard wolffe in for chris matthews. big numbers get thrown around at times like this in washington. as the legendary everett dirksen once said, a bil
that line for threshold on tax increases is. looking ahead to the 2014 election, some of the republicans who might have to vote in favor of this do fear a challenge from their right, more conservative hard liners those from tea party districts in particular who have to defend this. who looks good and who looks better depends on where we are. because we're having a smaller deal they're going to have to come back and negotiate things like the debt limit, the sequester and the spending cuts. this is not going to end, anyway. we're still going to round two and three coming up in january like it or not. >> don't forget they didn't actually get everything done in the lame duck session of congress which is over on wednesday they were supposed to get done. the farm bill is about to be over. they're going to have to do a short term extension of that. in general, washington looks bad on the whole. it's not necessarily about one party or the other. although the president is seeing high approval rating right now. >> your absolutely right. david, christina, good to see you both this weekend. don't see yo
was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins getting killed in kind. so i think this year is sort of that moment, someone come in and do an lbo, e
will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen. he's not going to give up at the moment, but the key is russia perhaps may be pulling slightly away from president assad, wa wanting to get something resolved but moments ago it was said that the plan that brahimi said could happen in a few months. those same games going on in the diplomatic front. >> we've seen this. we've seen reports from others including arwa damon, the civilians who have died in the air strikes outside of the bakeries just to get bread. the amount of casualties. i mean in the hundreds now. just looking at the carnage and the numbers and just the loves lost, does that make this peace talk and this deal e
to be part of the mix. but, what i ran on and what the american people elected me to do is put forward a balances approached. >> i want you to listen to something else. the president spoke about the tragedy in newtown, connecticut. he described it in a way he's not quite done so publicly before. listen to this. >> this is something that, you know, that was the worst day of my presidency. it's not something that i want to see repeated. >> it hit close to home? >> absolutely. >> the president describing it as the worst day of his presidency. we'll have more on the response to newtown in a bit. now to capitol hill and the time line for the negotiations. they set a 3:00 p.m. deadline for a deal to come to an agreement. it's just under three hours from now, folks. they hope to roll out the deal and agree on it some time tonight. ideally, a senate vote by midday tomorrow, new year's eve. the rest of monday, new year's eve, the house would consider the deal and possibly vote on it as well. capitol hill correspondent kelly o'donnell joins us from capitol hill. good afternoon to you now. did i
ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey a 66-year-old democrat is the first prominent candidate to declare for the race. >>> mom and pop shops across the country bracing for a labor fight that could cripple businesses. more on the key workers that could walk off the job coming up. consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglites: duracell. one reason: duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. so, whether it's 10 years' of life's sunny days... or... the occasional stormy one... trust goes a long way. duracell with duralock. trusted everywhere. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to h
and have you a couple of elected officials and unelected staffs behind closed doors, trying to do a back-room deal is an outrage. what harry reid should do, he should bring over to the senate, the legislation that the house has passed that extends all the current tax rates and fixes the sequestration. if that's not good enough for the senate, that's fine. allow the 100 senators to offer amendments and debate the amendments, vote on things and send it back to the house. that's the way the process should work, not the secret, back-room deals. >> that's the framework as the leaders are behind closed doors as you said, hammering something out. when they emerged from that and you were presented with hathey did come up with -- inr if they do come up with something -- will you vote for that? will have you questions? will you filibuster? >> how would i know? how am i going to evaluate something -- even if it's minimal, it will be a serious piece of legislation -- what do i get, four hours to do that? 12 hours, 24 hours? this is an absurd process. i am a manufacturer, i am always looking for the
elections instead of the next generation of americans, i think it's sinful and i hope that people turn out those who have been responsible for it. >> congressman, you're a straight shooter, we always appreciate you coming "outfront." >>> next, mixed feelings about gun control. most americans support a ban on assault weapons but also support the nra. >>> plus, allegations of child abuse at a u.s. military base. two workers in custody and 30 more taken off the job. what their background checks revealed. >>> horror in the nation's largest subway system. for the second time in one month a man is pushed to his death in front of a new york city subway train. this was the hole my waist was on. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. ♪ ♪ [ male announcer ] everyone deserves
of our lungs by it, but we were drowned out by the election. it seems common sense and good governance often get drown out by seemingly endless and continuele lesing elections in . we will be watching these developments play out over the weekend as congress is set to convene sunday evening. but as you know, alison, you've been saying, the markets may put pressure on lawmakers to act on monday. stocks were weak toward the end of the week as investors wanted no part of this uncertainty, especially going into the new year. i'll be hosting a special edition of "your money," in a few hours to bring you up to speed on what you need to know as we watch this faceoff unfold. alison, back to you. >> thanks, ali velshi. how will the markets and small businesses react if we do go off the cliff? in an hour, i'm going to ask a former economic council member under george w. bush about the future of our economy. >>> meanwhile, india's capital is on lockdown right now. new delhi and other cities brace for unrest and protest after a young woman brutally gang raped dies. we have a live report from new de
they might be able to use $1 million as a threshold. but the speaker of the house, the top elected democrat in the country was not able to get a vote. he was not able to get even his own member support on the $1 million threshold. for now we don't know what the threshold is. for chain cpi, that's the consumer price index. and many benefits in the united states such as social security are, increased to that benefit. is calculated based on cpi. the way they calculate that is when a basket of goods increases or decreases in value. chain cpi would more follow consumer behavior. so if the price of meat were to go up. it may be that the average family then switches to chicken. well, the consumer price index, the inflation calculation doesn't account for that possible switch. and that is why the discussion is going on about chained cpi it would mean when certain prices go up. you would make the assumption that people spend in a different way. and that is where the contention is. i want to bring in jessica yellin, our chief white house correspondent. jessica, we talked about chain cpi, this cake up
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